Important Keyword: FORM GSTR-4A, registered person opting, composition levy. FORM GSTR-4AAuto-drafted details for registered person opting for composition levy FORM GSTR-4A [See rules 59(3) & 66(2)] Auto-drafted details for registered person opting for composition...

Note – Stock statement may be furnished separately for availing input tax credit on the stock available on the date preceding the date from which composition option is withdrawn in FORM GST ITC -01.

  10. Verification  
I _________________ hereby solemnly affirm and declare that the information given hereinabove is true and correct to the best of my knowledge and belief and nothing has been concealed therefrom.  

The composition levy is an alternative method of levy of tax designed for small taxpayers whose turnover is up to Rs. 75 lakhs ( Rs. 50 lakhs in case of few States).